University of Michigan endowment grows to $7.1 billion

By: The Associated Press
By: The Associated Press

The University of Michigan's endowment has grown from $5.7 billion to $7.1 billion in the 2007 fiscal year.

The Ann Arbor school's chief financial officer, Tim Slottow, says the endowment provides a permanent stream of funds to support educational programs and research.

Michigan says its endowment is now the ninth-largest in the country and third-largest among public universities.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 10815761 -